The Wall Street Journal reported on Monday that European gas prices rose after Qatar paused some LNG deliveries to the continent. The paper cited traders who said the Dutch TTF benchmark gained in early trading on Monday. LNG is liquefied natural gas shipped by sea. The Journal said the rise followed a pause in Qatari shipments.
Qatar is a major LNG supplier, and shifts in its flows can move prices, according to the International Energy Agency’s 2023 gas market review. The IEA said Europe has relied more on LNG since Russia cut pipeline gas in 2022. Analysts told the Journal that a prolonged pause could tighten supply and lift bills if cold weather persists. The Journal added on Monday that traders are watching shipping routes and contract nominations for signs of extended disruption.
